Posts Tagged ‘aircraft insurance trends’

18 years ago, the aviation insurance industry looked quite different. Besides insurance direct writer, Avemco, only eight other companies offered aircraft insurance. To gain access to these companies, a pilot must go through an aviation insurance broker. Since the 90s, the aviation insurance industry has grown considerably. There are now 18 aircraft insurance carriers vying for a pilot’s business. Competition is fueling the rates and premiums are lower than ever, therefore benefiting the consumer.

In 1999 a new aviation insurance broker came on the scene: Aviation Insurance Resources (AIR). Established by former Avemco employees, these pilots set out to create an aviation insurance brokerage that provided the best rates and the broadest coverage for their clients. This was a period of high premiums, strict training requirements, and transition pilots were near impossible to insure. However, AIR was appointed with all the aviation markets, offering their customers all the available options in the industry.

Today, new aircraft insurance policies have been developed including the LSA class and Unmanned Aerial Vehicles (UAVs). Within the past decade insurance carriers have improved and enhanced their policies to maintain customer loyalty. Policies have since been written in a much broader language, training requirements are more lenient, higher liability limits are available, and transition pilots are easier to insure at the right price-point. AIR has been at the forefront of all these changes and passing along the savings to their insureds.

Soon AIR will be celebrating their 20th anniversary. Many of their insureds have been with them since day one and many other pilots are constantly discovering the benefits of calling these aviation insurance specialists. The pilots and agents at AIR focus on integrity and place customer service as a priority above profit. To have an agent start shopping all the markets on your aviation insurance policy call AIR at 301-682-6200 today!